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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

20 September 2025 03:07  |

US Equities Close at New Highs

US stocks closed at new highs on Friday, extending the record-setting gains from the prior session as investors digested upbeat corporate earnings, the Fed’s first rate cut of 2025, and signs of progress in US-China relations.

The S&P 500 rose 0.5%, surpassing the 6,600 mark, the Nasdaq 100 gained 0.7%, and the Dow advanced 172 points to climb above 46,300 for the first time. FedEx jumped 2.3% after reporting stronger-than-expected results, while Apple surged 3.2% on a J.P. Morgan price target hike and the launch of its new iPhone.

Tesla rose 2.2% following an upgrade to “outperform” from Baird, helping lift the tech and consumer discretionary sectors. Markets also tracked a lengthy call between President Trump and China’s Xi Jinping, with Trump noting progress on trade, fentanyl, and a potential TikTok deal.

All three major indexes posted weekly gains, with the S&P 500 up 0.8%, the Dow rising 1%, and the Nasdaq advancing 1.5%.

Source: Trading Economics.com

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